The main policy instruments available to meet macroeconomic objectives are:

Monetary policy –changes to interest rates, the supply of money and credit and also changes to the value of the exchange rate

Fiscal policy – changes to government taxation, government spending and borrowing

Supply-side policies designed to make markets work more efficiently

Other Macroecomic Objectives

Rising living standards and a fall in relative poverty – cutting child poverty and reducing pensioner poverty.
Sound government finances – including control over state borrowing and the total national debt